Barclays PLC Has $877,000 Stake in Titan International, Inc. (NYSE:TWI)

Barclays PLC grew its stake in shares of Titan International, Inc. (NYSE:TWI - Free Report) by 207.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 107,669 shares of the industrial products company's stock after buying an additional 72,612 shares during the period. Barclays PLC owned approximately 0.17% of Titan International worth $877,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TWI. Quarry LP bought a new position in shares of Titan International during the third quarter valued at $41,000. FMR LLC lifted its position in shares of Titan International by 43.7% during the third quarter. FMR LLC now owns 5,343 shares of the industrial products company's stock worth $43,000 after purchasing an additional 1,625 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in Titan International in the third quarter worth about $92,000. Intech Investment Management LLC bought a new stake in Titan International during the 3rd quarter worth about $117,000. Finally, Metis Global Partners LLC bought a new stake in shares of Titan International during the third quarter worth approximately $119,000. Institutional investors own 80.39% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TWI. StockNews.com raised shares of Titan International from a "sell" rating to a "hold" rating in a research note on Tuesday. DA Davidson assumed coverage on shares of Titan International in a research note on Friday, December 13th. They set a "buy" rating and a $11.00 price objective for the company.

Titan International Stock Performance

Shares of TWI stock traded up $0.29 during trading on Thursday, reaching $7.27. 292,939 shares of the company's stock were exchanged, compared to its average volume of 652,793. The firm's fifty day moving average price is $7.18 and its 200-day moving average price is $7.52. Titan International, Inc. has a twelve month low of $6.34 and a twelve month high of $15.33. The stock has a market capitalization of $458.71 million, a PE ratio of -60.54 and a beta of 1.82. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.